What’s the Cost of Mortgage-Rate Buydowns and Other Incentives to Homebuilders? Lennar Discloses the Numbers by Wolf Richter • Jul 4, 2024 • 82 Comments And they’re big. That assumes their hedges don’t blow up, but that’s precisely what hit D.R. Horton.
Demand for Homes Drops to (Near) Record Low as Inventory Rises. Now Come the “Stabilizing Home Prices”: NAR by Wolf Richter • Jun 27, 2024 • 87 Comments “The market is at an interesting point with rising inventory and lower demand”: National Association of Realtors
The Most Splendid Housing Bubbles in America, June 2024 Update. San Francisco, Seattle, Phoenix, Portland, Denver, Dallas, Las Vegas still below 2022 Peak by Wolf Richter • Jun 25, 2024 • 202 Comments New Highs: Boston, New York, Miami, Los Angeles, San Diego, Washington DC, Chicago… Rate-Cut Mania subsides, price growth begins to slow.
Home Sales Sag Further, Hit by Mortgage Rates. Price Cuts & Active Listings Surge. Median Price Skewed by Surge in High-End Sales by Wolf Richter • Jun 21, 2024 • 217 Comments Sales in the mid- and lower range swoon as many people who need a mortgage seem to be waiting for lower rates.
Mortgage Rates Rise, Over 7% since Early April, Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High by Wolf Richter • Jun 5, 2024 • 135 Comments Stuck with a 6% or 7% mortgage that was supposed to be refinanced? The Fed is counting on them to help bring inflation down.
The Most Splendid Housing Bubbles in America, April 2024 Update. Biggest Price Drops from 2022 Peak in San Francisco, Seattle, Phoenix, Portland, Denver, Las Vegas, Dallas by Wolf Richter • May 28, 2024 • 217 Comments New Highs in Miami, Los Angeles, San Diego, Boston, Chicago…
Census Bureau Revises Away 25% of Pandemic-Era Price Spike of New Single-Family Houses by Wolf Richter • May 23, 2024 • 105 Comments OK, file this away under: “Things that drive me nuts.”
Home Sales Whacked by Mortgage Rates. Active Listings & Price Reductions Jump to Highest in Years. But Sales of High-End Homes Surge by Wolf Richter • May 22, 2024 • 107 Comments This surge in sales of high-end homes changed the mix and thereby skewed the median price.
How Home Purchases and Rentals Are Key to Bringing Down Inflation: Fed Vice Chair Jefferson Explains by Wolf Richter • May 20, 2024 • 307 Comments Fascinating: “Prices that families pay” when they buy homes “can affect their overall well-being.”
Here Come the HELOCs in Household Debt: Mortgages, Delinquencies, and Foreclosures by Wolf Richter • May 15, 2024 • 116 Comments If residential mortgages get messy, banks are largely off the hook this time.
